TIDMAN.

RNS Number : 0198R

Alternative Networks plc

05 December 2016

FORM 8 (OPD)

AMMENT

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

(Amendment to section 3)

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                                  Alternative Networks plc 
-------------------------------------------------------------------------------------------  ------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different from 
 1(a): 
 The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), 
 settlor and beneficiaries must be named. 
-------------------------------------------------------------------------------------------  ------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Alternative Networks plc 
  Use a separate form for each offeror/offeree 
-------------------------------------------------------------------------------------------  ------------------------- 
 (d) Is the discloser the offeror or the offeree?                                             Offeree 
-------------------------------------------------------------------------------------------  ------------------------- 
 (e) Date position held:                                                                      2 December 2016 
  The latest practicable date prior to the disclosure 
-------------------------------------------------------------------------------------------  ------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in         No 
 respect 
 of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
-------------------------------------------------------------------------------------------  ------------------------- 
 
   2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security:                                                    Ordinary Shares of 0.125 pence each 
--------------------------------------------------------------------------  ------------------------------------------ 
                                                                                   Interests          Short positions 
--------------------------------------------------------------------------  ----------------------  ------------------ 
                                                                                 Number         %       Number      % 
--------------------------------------------------------------------------  ----------------  ----  -------------  --- 
 (1) Relevant securities owned and/or controlled:                                  Nil                   Nil 
--------------------------------------------------------------------------  ----------------  ----  -------------  --- 
 (2) Cash-settled derivatives:                                                     Nil                   Nil 
--------------------------------------------------------------------------  ----------------  ----  -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to               Nil                   Nil 
 purchase/sell: 
--------------------------------------------------------------------------  ----------------  ----  -------------  --- 
                                                                                   Nil                   Nil 
   TOTAL: 
--------------------------------------------------------------------------  ----------------  ----  -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities 
 
 Class of relevant security in relation to which subscription right exists:    None 
----------------------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned and relevant percentages:   None 
----------------------------------------------------------------------------  ----- 
 
   3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE 
 
 Details of any interests, short positions and rights to subscribe (including directors' and 
  other employee options) of any person acting in concert with the party to the offer making 
  the disclosure: 
----------------------------------------------------------------------------------------------------------------- 
 
              3.1 Interests of Directors of Alternative Networks PLC in ordinary shares of 0.125 pence each 
               Name                 Nature of       Number of       Percentage 
                                     Interest        Alternative     of issued 
                                                     Networks        voting rights 
                                                     Shares 
              -------------------  --------------  --------------  --------------- 
               James Murray         Shareholding    14,344,488(1)   28.8% 
              -------------------  --------------  --------------  --------------- 
               Bernard Cragg        Shareholding    35,000(2)       0.1% 
              -------------------  --------------  --------------  --------------- 
               Gavin Griggs         Shareholding    4,432(3)        0.0% 
              -------------------  --------------  --------------  --------------- 
               Mark Quartermaine    Shareholding    3,404(4)        0.0% 
              -------------------  --------------  --------------  --------------- 
 
              1. Investec Bank plc ALTJM Acct is the registered holder of 13,644,488 Alternative Networks 
              Shares as nominee for James Murray. Investec Bank plc ALTNJM Acct is the registered holder 
              of 700,000 Alternative Networks Shares as nominee for Natasha Murray (James Murray's spouse) 
              2. Lion Nominees Limited Account RB is the registered holder of 35,000 shares as nominee to 
              the Roman Private Pension Scheme, Bernard Cragg's SSAS 
              3. Capita IRG Trustees (Nominees) Limited Spaltnet Acct is the registered holder of 937 Alternative 
              Networks Shares as nominee for Gavin Griggs. Hargreave Hale Nominees Limited LON Acct is the 
              registered holder of 3,495 Alternative Networks Shares as nominee for Gavin Griggs 
              4. Capita IRG Trustees (Nominees) Limited Spaltnet Acct is the registered holder of 937 Alternative 
              Networks Shares as nominee for Mark Quartermaine. Hargreave Hale Nominees Limited LON Acct 
              is the registered holder of 2,467 Alternative Networks Shares as nominee for Mark Quartermaine 
 
              3.2 Rights to subscribe of Directors of Alternative Networks PLC for ordinary shares of 0.125 
              pence each under the executive share option schemes 
               Name                Share Scheme   Number of   Exercise   Exercise 
                                    (Date of       relevant    Price      Period 
                                    grant)         Company     (GBP) 
                                                   shares 
              ------------------  -------------  ----------  ---------  ------------ 
               Gavin               LTIP           34,222      Nil        21 June 
                Griggs              (21 June                              2016 - 
                                    2013)                                 21 June 
                                                                          2023 
              ------------------  -------------  ----------  ---------  ------------ 
               Gavin               LTIP           67,412      Nil        12 June 
                Griggs              (12 June                              2017 - 
                                    2014)                                 12 June 
                                                                          2024 
              ------------------  -------------  ----------  ---------  ------------ 
               Gavin               LTRP           31,811      Nil        4 February 
                Griggs              (4 February                           2018 - 
                                    2015)                                 4 February 
                                                                          2025 
              ------------------  -------------  ----------  ---------  ------------ 
               Mark Quartermaine   LTIP           43,536      Nil        12 June 
                                    (12 June                              2017 - 
                                    2014)                                 12 June 
                                                                          2024 
              ------------------  -------------  ----------  ---------  ------------ 
               Mark Quartermaine   LTRP           38,752      Nil        4 February 
                                    (4 February                           2018 - 
                                    2015)                                 4 February 
                                                                          2025 
              ------------------  -------------  ----------  ---------  ------------ 
----------------------------------------------------------------------------------------------------------------- 
 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer making the disclosure or any person acting 
  in concert with it: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
------------------------------------------------------------------------------------------------ 
 
   None 
------------------------------------------------------------------------------------------------ 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer making the disclosure, or any person acting in concert with it, and any other 
  person relating to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
---------------------------------------------------------------------------------------------- 
 
   None 
---------------------------------------------------------------------------------------------- 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   No 
-------------------------------------  --- 
 Supplemental Form 8 (SBL)              No 
-------------------------------------  --- 
 
 
 Date of disclosure:    5 December 2016 
---------------------  --------------------- 
 Contact name:          Gavin Griggs 
---------------------  --------------------- 
 Telephone number:      +44 (0) 870 190 7444 
---------------------  --------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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